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First Addendum To Agreement
"Need to draft a First Addendum To Agreement under Singapore law to modify the payment terms and add a new party to our existing software licensing agreement, with changes to take effect from March 1, 2025."
1. Parties: Identification of all parties to the original agreement and addendum
2. Background: Reference to original agreement and reason for addendum
3. Definitions: Key terms used in the addendum, including reference to original definitions
4. Amendments: Specific modifications to the original agreement
5. Confirmation: Statement that all other terms remain unchanged
6. Effective Date: When the amendments take effect
1. Additional Parties: Used when new parties are being added to the agreement
2. Consideration: Used when the amendment involves new value exchange
3. Ratification: Used when retroactive effect is needed for previous actions
1. Schedule of Amendments: Detailed list of specific changes to original agreement clauses
2. Revised Payment Schedule: If payment terms are being modified
3. Original Agreement: Copy of the original agreement being modified
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